Flexible floorplans: The new must-have for families
- Posted By Sam May
Cost of living pressures, an ageing population and increasing cultural diversity has led to a rapid rise in multigenerational households.
The latest data reveals that one in five Australians are living in this type of household arrangement, according to the Australian Bureau of Statistics (ABS).
In fact, the ABS found households containing three generations had risen by 21.8% between the 2016 census and 2021 census, with these figures set to rise even further.
Demand to build a multigenerational home has experienced a steady increase in recent years, but what that home actually looks like will vary depending on specific circumstances.
Read full article here:
Why More Australian Families Are Choosing Multigenerational Living
For over 15 years, Meridien Group has been helping clients secure high-performing dual-key properties across Southeast QLD, NSW, Victoria and Perth.
We look for property that will deliver an investment advantage to our clients with more yield and a positive growth outlook.
Dual-key Homes Unlock More Yield
What is a Dual-key Home?
A dual-key home is a single property designed to contain two separate living spaces under one roof. It usually has a main residence, and a smaller self-contained unit with its own kitchen, bathroom, and entrance. Even though the spaces are separate for living purposes, they are typically on one title, meaning it is legally one property. Unlike a duplex, a dual-key home generally cannot be split into two separate titles.
These homes are often used for rental income or flexible living, since the owner can live in one part and rent out the other, or rent both separately.
For investors, dual-key homes provide a second income stream that increases yield and delivers a better net result.
Key features include:
- Separate electricity and water metering.
- One set of council rates payable by the owner.
- A single lock-up garage for each unit.
- Separate letterboxes.
- Fire wall between dwellings and a dividing fence in the backyard.
More efficiency in cost enables affordability, and higher yields for investors.
Not everyone needs a 4-bedroom home, but this continues to be the main format developed as investment stock. Over-sizing homes increases the cost per unit of housing and adds to rental costs. In a lot of cases, 2 and 3-bedroom homes better meet the needs of people and improves housing affordability.
Dual-key Homes provide a smart, market-responsive solution that meets the needs of a changing market.
The gap in the market is for smaller, more affordable homes.
And there is a market in that gap.
Reach out to Meridien today for our latest opportunities.